Grayscale has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) to seek approval for a spot Avalanche (AVAX) exchange-traded fund (ETF). This move marks Grayscale's continued efforts to expand its cryptocurrency investment offerings, following its previous applications for other digital asset ETFs. The approval of a spot AVAX ETF would provide investors with direct exposure to Avalanche, a blockchain platform known for its high throughput and low transaction costs.